While There Is No Evidence of Absolute Convergence,there Is Strong

question 29

Multiple Choice

While there is no evidence of absolute convergence,there is strong evidence today of conditional convergence in which:

• A) countries sharing certain characteristics are able to achieve rapid growth and begin to catch up with the richer countries.
• B) by entering into the World Trade Organization, a nation implicitly and explicitly agrees to integrate into the global economy.
• C) countries all agree to play by "the rules of the game."
• D) countries considered at the most advanced stage of capitalism begin to decline, while developing nations accelerate past them.

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Definitions:

Liberal Democracy

A political ideology and form of government characterized by fair, free, and competitive elections, along with the protection of civil liberties.

Formal Democracy

A system of government where official, structured, and institutionalized procedures are followed to elect representatives and make policy decisions.

Socialist Democracy

A political system that combines socialist economic principles with democratic governance, aiming for collective ownership and egalitarian distribution of resources within a democratic framework.

Global Spread

The widespread distribution or dissemination of phenomena, products, cultures, diseases, etc., across different countries and continents.